Halifax, NS, Canada (August 10, 2016) - Team CarbonCure, a team led by clean technology developer CarbonCure Technologies (CarbonCure), today announced its official entry into the NRG COSIA Carbon XPRIZE. Team CarbonCure, headquartered in Halifax, Nova Scotia, Canada with team members from the entire cement and concrete value chain, is among 47 teams from around the world vying for their share of the $20 million prize purse.

The Carbon XPRIZE is a competition that challenges teams to develop breakthrough technologies that convert the most CO2 into one or more products with the highest net value. Co-sponsored by NRG and COSIA, the multi-year competition is designed to address CO2 emissions from fossil fuels, a leading contributor to climate change.

“We believe that our technology will fundamentally change the way concrete is made globally. Competing in the Carbon XPRIZE drives us to push the envelope on innovation, and establish partnerships with influential industry players, in order to demonstrate to the world that this technology will play a key role in driving down global CO2 emissions,”

- Robert Niven, CarbonCure’s Founder and CEO

CarbonCure’s technology injects carbon dioxide (CO2) gas captured from nearby smokestacks into concrete during manufacturing. Once introduced into the concrete mix, the CO2 chemically converts into a solid mineral. Since the gas has been converted into a mineral, it will never escape into the atmosphere.

CarbonCure has teamed up with leading scientists, engineers and business leaders from the cement and concrete, industrial gas, and green building industries to compete for the $20 million prize. The team was formed to develop new approaches to capture and convert CO2 from industrial sources and sequester it into concrete. CarbonCure’s technology is installed in 35 concrete plants, which have supplied more than a hundred construction projects across North America. Broadening the team to include leaders from the entire value chain will enable the company to collaborate with suppliers and end users alike, in order to facilitate rapid deployment of the technology. Team CarbonCure is competing in the Carbon XPRIZE challenge to demonstrate that its technology is the most cost effective, highest impact, and most scalable solution available today to recycle CO2 to make better building materials.

“We believe that our technology will fundamentally change the way concrete is made globally. Competing in the Carbon XPRIZE drives us to push the envelope on innovation, and establish partnerships with influential industry players, in order to demonstrate to the world that this technology will play a key role in driving down global CO2emissions,” says Robert Niven, CarbonCure’s Founder and CEO.

As part of the Carbon XPRIZE competition, Team CarbonCure will be hosting demonstrations of its CO2-utilization technology in California, Wyoming, Alabama, and Alberta over the next four years.

About CarbonCure Technologies

CarbonCure is concrete’s gateway to the green building community. Its technology chemically repurposes waste carbon dioxide during the concrete manufacturing process to produce stronger concrete. Through collaboration with leading designers, the company and its partners are supplying a scalable solution to address the growing demand for green building materials. CarbonCure concrete is available through concrete manufacturers across North America. For more information, visit www.carboncure.com.

About the NRG COSIA Carbon XPRIZE

Few challenges are greater and more critical than ensuring access to clean, affordable and abundant energy. As the global energy supply remains primarily derived from fossil fuels – the leading contributor to climate change – the $20M NRG COSIA Carbon XPRIZE will challenge the world to reimagine what we can do with CO2 emissions by incentivizing and accelerating the development of technologies that convert CO2 from a liability into valuable products. For more information, visit: carbon.xprize.org.

NRG is leading customer-driven change in the U.S. energy industry by delivering cleaner and smarter energy choices, while building on the strength of the nation’s largest and most diverse competitive power portfolio. More information is available at www.nrg.com. COSIA (Canada’s Oil Sands Innovation Alliance) is an alliance of 13 oil sands producers, representing 90 percent of production from the Canadian oil sands, focused on collaborative action and innovation in the areas of greenhouse gases, land, tailings and water. For more information, please visit www.cosia.ca.